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CFO and superintendent warn legislature's property-tax and voucher bills could reshuffle school funding
Summary
District financial leaders briefed the Rapid City Area School Board on multiple state bills that could alter school funding sources, including voucher proposals and measures to shift property-tax revenue to sales tax or cap valuation increases.
Rapid City Area Schools officials told the school board Feb. 4 they are watching multiple bills at the South Dakota Legislature that could materially affect district funding, including vouchers and proposals to shift property-tax revenue to sales tax or cap year-over-year valuation increases.
Chief Financial Officer Mr. Sasse summarized the bills most likely to affect district finances. He said two voucher/education savings-account bills (HB 1009 and HB 1020) were defeated in committee at the time of his report but could be revived through a committee "smoke-out." He also said HB 1089 (a change in free-and-reduced lunch eligibility parameters) passed out…
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